Bangeo-dong Property Prices in Ulsan 2026
Our Verdict
"Smart Money"
With m² stats sitting at a median of ₩3950000, Bangeo-dong is currently priced for the pragmatist. Our neighborhood analysis flags this as SMART_MONEY because the entry point is significantly lower than the inflated prices in Nam-gu, despite the steady rental demand from specialized contractors. The investment outlook is tied directly to the shipbuilding cycle; you aren't buying for lifestyle prestige, you're buying at a cyclical floor in a zone that is essential to Ulsan's economy.
The Vibe:This is shipyard territory, dominated by the massive footprint of Hyundai Heavy Industries and a population that punches in and out by the siren. The physical reality involves steep, winding streets where parking is a daily combat sport and the air carries a permanent scent of sea salt and industrial paint. It’s a functional, rugged area that doesn't care about aesthetics, focused instead on the thousands of workers who need to be within a ten-minute commute of the docks.
The median property price in Bangeo-dong, Ulsan is ₩3,950,000 per m², 4% below the Ulsan city average of ₩4100000/m². Based on 1 verified sale data points as of June 2026.
Market Median · Bangeo-dong
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Quick Estimate
Bangeo-dong @ ₩3,950,000/m²
District Highlights
Locals Ask
Why is the price range so wide in Bangeo-dong?
You’re seeing the gap between aging 1990s villas at ₩3100000/m² and the modern high-rises near the coast hitting ₩4800000/m².
Is the shipyard noise a dealbreaker?
If you're close to the Kkotbawi side, you'll hear the morning shifts and heavy machinery; it's the sound of the local economy working.
What’s the parking situation like for older buildings?
It is notoriously difficult; many streets are effectively one-way because of double-parking, so a dedicated basement spot adds massive value.
How does the investment outlook compare to other Ulsan districts?
It's a SMART_MONEY play focused on high rental yields from shipyard engineers rather than the speculative capital growth seen in more polished residential zones.
Are there specific concerns with coastal property here?
Salt air corrosion is no joke in Bangeo-dong; always inspect the window frames and external HVAC units for rust before buying.
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About This Data
Data Sources
Bangeo-dong prices are sourced from real market listings and verified location scans submitted by users in Ulsan. Each neighbourhood requires multiple independent data points before publication to ensure statistical reliability.
Methodology
We report median prices — not averages — to reduce outlier distortion. All figures are per square metre (purchase price). The 2/5 rating reflects price-to-value relative to local amenities, transit access, and broader market conditions in Ulsan.
Last Updated
This page was last updated in June 2026. AI-generated insights — including the vibe description, verdict, and FAQs — are regenerated whenever the underlying price data changes to keep analysis current.